Premium Credit Streamlines Service for Commercial Brokers
Innovative online tool eliminates any need for faxing, scanning or uploading - making it easier for brokers to support their commercial clients
Epsom, January 2015 – Number one insurance premium finance specialist in the UK, Premium Credit Limited, has launched an innovative new online tool in support of commercial brokers. A first for the premium finance industry, 'My Premium Credit' enables insurance brokers to streamline the administration process of setting up premium finance agreements for commercial clients, providing real efficiency benefits for brokers and clients alike. Unlike other premium finance systems, 'My Premium Credit' eliminates the need for paper, faxing, scanning or uploading of any documents.
Simon Moran, Chief Marketing Officer at Premium Credit, explains: "My Premium Credit simplifies the credit agreement process, removing much of the admin for brokers as well as reducing the risk of lost paperwork. All they have to do is submit online the details of their agreement to us with a client email ID and then we set up the client with their own online account."
Through My Premium Credit online credit agreements also include all the necessary regulatory requirements, including the SECCI, removing another layer of paperwork for brokers. Plus My Premium Credit gives brokers' clients the facility to check their account online - without having to contact the broker - making the credit agreement process more transparent and giving clients more control.
"We are constantly investing in the latest online innovations to give both the brokers that offer our service and their clients efficiency benefits" added Simon Moran. "By providing a quick and easy process for brokers to sign up their clients to Premium Credit, we believe they will have more time to focus on the client relationship."
About Premium Credit Limited
Currently the No.1 Premium Finance Company in the UK and Ireland, Premium Credit Limited has 2 million customers and achieved advances of £3.7 billion in 2013, processing 25 million Direct Debits. We work with 4,000 intermediaries across our chosen markets. We have 2 offices in Epsom and Dublin employing more than 300 staff.